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India: The Emerging Giant by Arvind Panagariya

13 Jul

India: The Emerging GiantIndia: The Emerging Giant by Arvind Panagariya

My Rating★★★★☆

After having read Sen (Development as Freedom) and having been greatly influenced by his ideas, it was only fair to Bhagwati that I read one of his books next. But I decided to start with his collaborator’s work before moving into his own. Having read Dasgupta‘s views on this recently helped in this decision.

Am planning to be reading the two new works by the contending clans next…

In this book Panagariya offers an analytic account and interpretation of the major economic developments in postindependence India along with a detailed discussion of where the policies currently stand and a road map of the future reforms necessary to accelerate and sustain growth.

The principal problem with such a specific and policy oriented book that is grounded on empirical data than on any purely ideological or theoretical grounds is that the stats need to be updated every two years or so to maintain relevance, not just of the recommendations but of the argumentative underpinnings as well.

I am tempted to write a detailed review on the policy recommendations and the outlines provided by Panagariya but I have to refrain till I catch hold of a decent book with a more recent treatment.

View all my reviews

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Posted by on July 13, 2013 in Book Reviews, Books, Thoughts

 

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